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Bitcoin Shows Divergence Against Gold as Analyst Identifies Potential Rotation Pattern
Source: CryptoNewsNet Original Title: Bitcoin shows divergence against gold as analyst identifies potential rotation pattern Original Link:
Bitcoin Shows Divergence Against Gold as Analyst Identifies Potential Rotation Pattern
Cryptocurrency analyst Michaël van de Poppe identifies a bullish divergence between Bitcoin and gold through chart analysis on the daily timeframe. The pattern suggests potential capital rotation from safe havens to risk-on assets.
Key Observations
The analysis reveals that while gold continues to trend lower, Bitcoin has shifted into consolidation with momentum indicators beginning to turn higher. This divergence suggests selling pressure is fading on Bitcoin despite ongoing pressure on gold.
Historical Precedent
Van de Poppe identified two previous periods where similar divergences appeared:
In both cases, Bitcoin outperformed gold in the months that followed.
Current Market Implications
The analyst characterizes the current pattern as potentially indicating the early stage of a larger rotation rather than a short-term trade. The setup mirrors those earlier conditions, adding weight to the signal.
When gold declines and Bitcoin does not follow, historical data suggests a potential shift in relative performance between the two assets. If the divergence remains intact, the probability increases that Bitcoin leads the next phase of market performance versus gold, according to the analyst’s interpretation.
The pattern may indicate capital rotating away from traditional safe havens and toward risk-on assets, positioning Bitcoin to potentially outperform gold in the coming period.